India Inc confidence down for July-Sept: CII

New Delhi, Aug 12: Slackening consumer demand and high interest rates have dampened the business confidence of Indian corporates, a survey by industry body CII said on Sunday. According to CII's quarterly Business Outlook Survey,

About 43 per cent expect foreign investments to show a decline in July-September quarter, it said adding about 89 per cent believed that infrastructure bottlenecks and lack of policy reforms were responsible for holding back domestic investments.

About 45 per cent participants expect the country's GDP growth for 2012-13 in the range of 6.0-6.5 per cent.